Sands Investment Group is Pleased to Exclusively Offer For Sale the Goddard School in Newtown, Pennsylvania. The Accredited School is an Original Goddard School That Has Been in Operation For 30 Years – the School Has Received Numerous Accolades Including the Goddard Circle of Excellence Award. With Median Household Income in Excess of $135,000 Annually and a Very Dense Population of Pre-k School Aged Children, the School Runs at Maximum Capacity, Allowing For Regular Annual Tuition Increases That Exceed Inflation. The Strong Financial Performance of the School Means the Tenant can Easily Afford the Rent With a Historic 3x Rent Coverage For Multiple Years. The Over-Sized 2.18-Acre Lot Means the School Can Be Expanded on this Site, Ensuring the Tenant Will Be Able to Meet Early Education Demand For Years to Come. At the Close of Escrow, the Tenant Will Be Entering Into a New Fifteen-Year Absolute Net Lease With 2% Annual Rent Bumps Providing For a Very Secure Investment. The Going-In 6.75% Yield Increases to 7.31% By Year 5 Thanks to the Attractive 2% Annual Rent Increases.
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. #RB069072 BoR: Tom Gorman - Lic. PA #RM424383